Thomas Jefferson Law Restructures, Slashes Debt by $87M

, The National Law Journal

   | 1 Comments

Thomas Jefferson School of Law, plagued with costs associated with its new $90 million building, has reached a restructuring agreement that cuts its debt by nearly $87 million.

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What's being said

  • Jeremy M. Evans, Esq. ‘11

    As an alum of Thomas Jefferson School of Law, I wanted to share some thoughts on this great article and news:

    When the new administration came aboard in 2013, it quickly identified several major issues that needed to be addressed to ensure the long-term future of the school. The new administration had experience turning around other schools and retained expert outside advisors to help put together a strategic turnaround plan. The goals were to ensure a positive future for the school and increasingly higher ratings in all measures of legal education and student achievements.

    The restructuring of the debt was key. It puts the school on a solid financial footing and will enable Thomas Jefferson to continue to fulfill its mission serving a diverse group of students in a collegial, supportive learning environment.

    By restructuring the debt and reducing occupancy costs by almost 60 percent, the school can continue its mission to be a school of opportunity for a diverse population of students. The long-term goal of the new administration is to continue doing a better job for our students in all ways and steadily raise the reputation of the law school, the quality of the education and, the success of our graduates.

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